Healthy internal sales growth, driven by consumer
demand for natural food products, and
management s focus on improving profit margins
bode well for Hain Celestial Group s outlook. In
addition, management s acquisition strategy adds
incremental growth to the company s organic sales
growth. The company has been successful
implementing price increases with another scheduled
for implementation in May 2008. The Buy rating is
maintained.
The Hain Celestial Group, Inc., together with its
subsidiaries, manufactures, markets, distributes,
and sells natural and organic food products, and
personal care products.
On May 5, 2008, Hain Celestial Group Inc. (HAIN), a natural and organic food and personal care products company, posted a 32.9% drop in its Q3 FY08 earnings, due to higher commodity costs and other one-time expenses. Net income declined to $8.32 million or $0.20 per share from $12.39 million or $0.30 per share in the prior year’s quarter. Earnings, excluding one-time charges, rose 20.0% to $14.80 million or $0.36 per share, which was in line with the most recent consensus estimate.
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$25.65 (05/07/08)
